In my occasional commentary on the coming economic stimulus, I've operated on the George Mickelson theory of "If it's gonna rain, have your bucket ready"—i.e., the assumption that a big bill is coming no matter what, so we'd better at least fight to optimize it... or, as the Republicans on the Highway 34 for the Future committee are planning, to get their fair share.
But what if the stimulus not only won't save us, but shouldn't save us? Might the best policy option be for the government to stand aside and let the recession give us the whoopin' we need?
Hey, this isn't just my crazy talk. Listen to Peter Schiff, president of Euro Pacific Capital (hat tip to an eager reader!), in this interview with Yahoo Finance Tech-Ticker today:
Enjoy your weekend while you ponder that suggestion for tough economic love.
Attorney general provides legal immunity for law enforcement under Marsy’s Law interpretation - Because I was traveling, I wasn’t able to attend the Monday teleconference of the Marsy’s Law task force assembled by state Attorney General Marty Jackley....
58 minutes ago